Top stories this week
- SEC Approves Several Spot Ethereum ETFs, Trading Begins
The U.S. Securities and Exchange Commission (SEC) has approved several spot Ethereum ETFs, including those from BlackRock and Grayscale. These ETFs are now live for trading on the NYSE Arca. Despite the approvals, the price of Ethereum remained flat. - Polygon to Migrate from MATIC to POL Tokens in September
Polygon Labs has announced a major upgrade, migrating from MATIC to a new token, POL. This migration is set for September 4. The announcement has led to some declines in the price of MATIC. - Ferrari Expands Crypto Payment Options to Europe
Ferrari plans to extend its cryptocurrency payment options to European markets, following success in the U.S. This move will allow customers in Europe to pay for their cars using cryptocurrencies like Bitcoin. - WazirX Hit by $230 Million Hack
Indian crypto exchange WazirX has experienced a major security breach, with hackers stealing around $230 million. In response, the exchange has halted all withdrawals to prevent further losses. - Hong Kong Launches Asia’s First Inverse Bitcoin ETF
Hong Kong has introduced Asia’s first inverse Bitcoin ETF, allowing investors to potentially profit from a decline in Bitcoin prices. This milestone ETF is managed by CSOP and traded on the Hong Kong Stock Exchange. - Mt. Gox Transfers Bitcoin to Bitstamp Amid Repayment Process
Defunct Bitcoin exchange Mt. Gox has started transferring Bitcoin as part of its repayment process. This includes a recent small transfer to the exchange Bitstamp, indicating progress in addressing its bankruptcy obligations. - Trump Not Considering Bitcoin Critic Jamie Dimon for Treasury Secretary
Former President Donald Trump has denied considering JPMorgan CEO Jamie Dimon, a known Bitcoin skeptic, for the position of U.S. Treasury Secretary. There were speculations about his potential choices, including Larry Fink from BlackRock. - Vitalik Buterin Advises Against Choosing Politicians Based on Crypto Support
Ethereum’s co-founder, Vitalik Buterin, has warned the crypto community about selecting political support solely based on politicians’ pro-crypto stances. He suggests more comprehensive evaluation criteria for political endorsement. - 184 Million XRP Transactions Raise Questions
Recent large-scale transactions involving 184 million XRP have sparked discussions within the crypto community. The significant volume has led to speculations about the underlying reasons and potential impacts.
Hottest coins of the week
The featured cryptocurrencies list was generated through our sophisticated AI-driven analysis that meticulously evaluated the market sentiment surrounding tokens within the 500 most prominent articles over the past week, in conjunction with a thorough AI-examination of their price trends.
Turbo (TURBO)
Turbo (TURBO) has seen a significant price uptick, climbing +9.01% in the last 24 hours and +40.55% this week. The coin’s rise can be attributed to its innovative schemes like the integration with “Hamster Kombat,” which incentivizes users with Turbo rewards, driving both engagement and demand. Additionally, Turbo’s ongoing negotiations with Animoca Brand’s AAA gaming studio have generated optimism about potential high-profile partnerships in the gaming sector.LayerZero (ZRO)
LayerZero (ZRO) has seen a notable price increase of +3.45% in the last 24 hours and +23.85% this week, fueled by investor optimism and speculation about it reaching a new all-time high. Predictions of ZRO potentially hitting $10 during the current crypto bull run are also energizing traders and contributing to the upward momentum.Raydium (RAY)
Raydium (RAY) has experienced a significant price increase, rising by +12.02% in the past 24 hours and +22.83% over the week. The primary driver behind this surge is a notable partnership that expanded Raydium’s dominance in the decentralized exchange (DEX) volume. This newfound dominance, growing from 36% to 66%, underlines investor confidence in the platform’s potential for further growth.Marinade Staked SOL (MSOL)
In recent news, Marinade Staked SOL (MSOL) has experienced a positive price movement, rising by 5.31% in the past 24 hours and 14.70% this week. This surge is credited to increasing adoption and strong market demand, largely driven by new staking opportunities and favorable developments in the Solana ecosystem. With growing interest and expanding utility, MSOL is catching the attention of more investors.dogwifhat (WIF)
Dogwifhat (WIF) has seen a remarkable price increase of 2.60% in the last 24 hours and 14.11% this week, driven by multiple bullish factors. Analysts highlight strong technical indicators and bullish market sentiment, with predictions suggesting significant long-term value growth. The token’s popularity, bolstered by comparisons to other top memecoins and skyrocketing trading volumes, has led investors to anticipate continued gains, potentially reaching new all-time highs amidst vibrant market activities.Popcat (POPCAT)
Popcat (POPCAT) has seen a notable surge, rising by +12.90% in the past 24 hours and +13.97% this week, driven by record-breaking interest and mainstream attention, with its market cap nearing $1 billion. The cat-themed meme coin reached an all-time high and briefly touched the $1 mark, inciting further FOMO (fear of missing out) among traders. Despite some warnings of a potential correction and recent volatility, its bullish momentum indicates continued buying opportunities.
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